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Internal Revenue Service (IRS)

Definition - What does Internal Revenue Service (IRS) mean?

The Internal Revenue Service or IRS is an agency which is responsible for enforcing and managing laws associated with internal revenues in the US. This agency works under federal government and is one of the largest agencies working under the Department of Treasury.

Justipedia explains Internal Revenue Service (IRS)

The Internal Revenue Service has offices which are spread all over the country as well as 12 offices outside of the US. It also has a headcount of 110,000 people as its employee. The IRS collects around $1.2 trillion each year in taxes.

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